Which is more profiting self trade or AI - page 6.

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Quote from: jeraldskie11 on July 19, 2023, 07:56:42 AM

Quote from: Odusko on July 17, 2023, 03:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future.

That's right you mentioned that the trading bot is just lazy or you know, like copy trading as well as the technique and the only difference is the person itself is a copy trade.

It's just that it's even more natural that we do our actual trading ourselves, they say, it feels better that we are the ones who make it difficult for our trading earnings. Then every experience we face trading teaches us to grow further

Aanuoluwatofunmi

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Maybe it will be good enough to have the experience of both being considered for the benefit of doubts, if one can start with the use of self trading experience with the acquired knowledge and trading skills all put together for the use after one would have developed more understanding on the required trading patterns and Indicators, later you can also decided to engage the use of a trading bot and having both experience, you may decide to go with the one that best fit in for use ultimate experience in trading.

jeraldskie11

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future.

Mr. Magkaisa

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

- This is for your information, if you know the trading bots called before way back 2017, the crypto community in this industry did not pay much attention to it. Now, this year AI started making noise and even today it is still making noise in the crypto world.

But the truth is, the trading bots back then just replaced the trading bot with AI to connect with the crypto community. In short, the trading bot and AI trading are the same, only the name has been changed because this is the trend at this time. Meaning, the natural trading that we do as traders is really different and still much more better than AI trade.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

I don't have a clue how much AI will help increase the results of our trading, meaning it can make our win rate increase because of its use. But for me, trading by myself would be better because AI or bots only help in the implementation because even though using both traders will still need to do analysis, so the analysis is done by myself.
However, if there are traders who are proficient enough to use AI for trading, then that is not wrong, because if there is the technology that can help our activities, then why not use it, especially if you already understand how to use it.

Fuso.hp

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AI technology is created by humans, AI technology is not smarter than humans. The system that has been introduced in AI technology is specific, that is, outside of its system, but it cannot work, but the human brain has no specific system, the human brain can do everything. Since you are a human then why should you rely on AI technology for trading where AI technology is created by humans. Try to learn something about trading yourself rather than relying on AI technology for trading. If you know trading well then you can trade better than AI technology. If trading through this technology, AI technology will conduct trading activities based on certain information, AI technology cannot do anything other than that, so you should trade with your own skills, thinking about security and benefits.

TheGreatPython

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

I have never been a fan of trading bots, even if there is a model that uses artificial intelligence for trading, I would still prefer doing it myself because I will obviously have more confidence making the trades myself instead of an AI-powered bot that might be mostly accurate but can always face an issue or might not take the decisions the way a human can because AI doesn't have the ability to think the same way as a human does.

So it is much better to learn everything about the market, how to do analysis, how to do research, how to choose a coin to trade with based on the conditions and market movements and do your trades manually to avoid taking any risk since you can always double-check things yourself.

danherbias07

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Never in my trading experience have I let a bot do the work for me, I always do it manually and I'd like it to stay the same.
Trading is already boring in the long run, why make it more boring by giving the workload to an AI or a bot? I mean, that won't make sense at all. Perhaps, this will work for others who are busy with something else but for me, I like being hands-on with it. And I think that also helps me to check the everyday prices of every cryptocurrency in my portfolio. IMO, having a bot might make me lazy and I don't want that to happen while I am still young.
I guess it became my daily habit and that's one of the joys that I could get instead of letting a thing like AI handle it. There's so much good it could bring by handling it yourself and I bet many are still doing it, especially those who started and make profits by trading manually in their early stages.

Hamza2424

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AI I am not sure how AI will deal with the market situations currently we are having a tight range movement in trading, Personally, I have no experience with AI Bots, as I haven't experienced it. I think a human brain can better create and manage the strategy as compared to AI. Bots are good but in specific kind of circumstances.

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AI are good for trading based on text book guides, it'd definitely make decision in an instant based on the general known knowledge in regard of trading with something like candle and chart observation but honestly when it comes to knowing external factors that could heavily affect the overall trades in general and also could change the tide of the market i think thats where the AI in general fall shorts.
but then again that could be simply solved by using more complex AI and overtime AI will just grow more and more since the parameters are increasing overtime.
i'd say honestly you should have both, trading accompanied with AI and your own thinking would be very great honestly, you just instantly get some text book guides appearing by the AI so you don't need to memorize the pattern and you could focus on the external factors that might affect the whole markets.

ultrloa

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

AI doesn't guarantee you anything since it cannot predict the real time event so most provably it will just give you a hint on what possible trade you want to do, but that doesn't mean you can get sure profit as still needed to trade for yourself so try to just make this as another source of information then also do your own deligence upon trading.

Don't hook up with AI thing and rely this technology on your trade search for more information and base your trades on current event also with the chart you are currently trading since technical analysis still the best that those AI.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

I think self trading is better because Despite improved efficiency, AI trading systems are still susceptible to market risks.

Lack of transparency: Some AI systems use complex analysis and strategies that are difficult to analyse.

Data bias and outfitting: AI stock trading depends on the data used in it. The quality of the outcome is only as good as the data fitted into the system.

Lacks human oversight: The system executes trades depending on predefined rules, which may fail to recognise sudden market turns, leading to massive errors.
Over-reliance on historical data: The system relies heavily on historical data. Hence, the model may not work efficiently if the market condition has changed drastically.

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Quote from: michellee on July 18, 2023, 08:17:01 AM

I prefer trading on my own rather than using AI. Also, I haven't looked at the AI model traders use to trade because what I see a lot is them using bots to trade. And it's not the same as AI, which can have artificial intelligence to anticipate changing market movements.

But if it is a bot used for trading, I have used it, but the results are not very significant so I just leave it. Using a bot means you have to set the commands so the bot can execute the commands you give. But when the market changes direction, you have to reset everything and it will be difficult for us if we don't have enough skills to use the bot.

But if it's an AI that can set its own targets and follow market movements without reordering orders if the market changes direction, I suggest trying that first. After that, I decided to keep using AI or trade alone. But trading alone means we are trying to improve our trading skills.

i believe the success of your trading when you deploy AI is the same as with using bots. it depends on how you set-up your AI. it won't work alone. you still need to do something, like code them to start working, right? it is not just creating your username and password here. there's more than meets the eyes in this type of trading.

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Quote from: Oshosondy on July 17, 2023, 03:17:27 PM

Quote from: Odusko on July 17, 2023, 03:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

I prefer to trade myself. I have not used a bot or AI bot to trade before. Some people can try AI if they think it can work well for them, but as for me, I see no reason to use AI and I trade myself. I minimize my risks and I prefer to earn little which makes my trading plan not to be very risky.

In trading, some people use bot it AI bot to make things to be more convenient for them but the traders analyze the market themselves and have trading plans. Some people use AI to trade to make a profit, but AI can fail or may not fail, just like humans.

The best that you can do for yourself in trading is to learn it and know how to trade yourself, even if you will use a bot or AI bot or whatever they are called.

I agree with you, and I trust myself only when it comes to managing my trading account. Lately, my friend integrated a trading bot into his account, and the same day the bot blew the account, he contacted the person he bought the bot from, the response was that the bot malfunctioned and that taught me a massive lesson, I'm not interested in anything trading tools like AI or bot to trade my money.

Cryptomultiplier

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What fun would it be if we allow A.I do almost everything from taking its suggestions, to considering its opinions, to letting it trade/invest our coins?

What remains to do as humans?. Perhaps we should just go on vacation to Mars and let A.I run the earth for us.
A.i may be one very smart ingenious idea, but it must be put into consideration when using it, that it is still being adapted to suit our environment and is still being studied to ascertain if it is to be restricted or accepted.

For me, self trade is more profitable because I have to have understood it and practiced it, before even entrusting it to A.i with a steady eye on what's happening.

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I prefer trading on my own rather than using AI. Also, I haven't looked at the AI model traders use to trade because what I see a lot is them using bots to trade. And it's not the same as AI, which can have artificial intelligence to anticipate changing market movements.

But if it is a bot used for trading, I have used it, but the results are not very significant so I just leave it. Using a bot means you have to set the commands so the bot can execute the commands you give. But when the market changes direction, you have to reset everything and it will be difficult for us if we don't have enough skills to use the bot.

But if it's an AI that can set its own targets and follow market movements without reordering orders if the market changes direction, I suggest trying that first. After that, I decided to keep using AI or trade alone. But trading alone means we are trying to improve our trading skills.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

Are you referring to the bot with the automated make-a-trading position and there's a designated stop loss only? If that so you can do this in every exchange because there's are supporting the spot trades and even in futures you can do this thing too but still of course have a manual intervention of the humans but again the same way with the AI. But the main difference is there are no emotions that need to occur in every trade such as being greedy or being hopeful with the position all about the numbers I guess this is the main point. But at the end ideal if there's a manual checking or monitoring if the trades going well or not.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

General knowledge: AI is a self-learning machine, so in situations where it doesn't recognize new chart patterns, it might make wrong decisions a few times. I can't imagine when that happens to cost a huge amount of my portfolio. So, I was worried to let this kind of robot manage my trading.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

I prefer to trade on my own by using the AI. yes, you heard right we should not totally depend on AI to make trades on your behalf and expect profits from them. Because, that's not how AI works. Of course you must have tested some which are dedicated for crypto knowledge and past patterns.

But they are only programs which works on the programming made by any person (that person might not be a good trader but he will get an help from a trader to create such AI). SO the point is, we should not totally depend on the bots but we should take help of the bots to narrow down our checklist and trades for better results. we could take help from the AI to perform TA and FA.

But we should not depend totally on AI because AI can be tampered and thus you might lose your assets.

adaseb

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Here is the deal I see with AI.

There is not enough evidence that they are profitable in the long run. So far its been a fairly bullish market and its easy to make money in bull markets.

Second issue is that even if AI is very profitable. Way too many copy traders will use them and they will become saturated and won't work anymore because that is not how markets function. Markets cannot function if everyone makes money. So the trades will be front run and most likely reversed by institutions who know people will rely on AI for trading signals.

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